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Metro East Sun

Monday, December 23, 2024

Analysis: Wood River pays $6.36 for every $1 pensioners contribute to Wood River Firefighters Pension Fund

Budget007

Taxpayers contributed 86.4 percent of the $480,200 the Wood River Firefighters Pension Fund brought in 2018, or $6.36 for every $1 from pension members, according to a Metro East Sun analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Wood River contributed $414,940 to the fund, which saw a $97,099 increase in revenue over 2017. Members contributed $65,218, or 13.6 percent, in 2018. Another $42 came from other unspecified sources.

Wood River Firefighters Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$332,308$291,031$297,756$318,511$414,94024.9%
Pension members$60,042$61,367$63,298$64,591$65,2188.6%
Other Revenue$0$0$0-$-1$42-
Total$392,350$352,398$361,054$383,101$480,20022.4%

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